Canada Goose enters footwear category with acquisition of Baffin

Canada Goose Holdings Inc. has announced acquisition of Baffin Inc., a Canadian designer and manufacturer of performance outdoor and industrial footwear, for a purchase price of 32.5 million Canadian dollars. The company said, this transaction is being funded with available cash on hand and the issuance of 1.5 million Canadian dollars of restricted subordinate voting shares to the seller.